Cetera Investment Advisers Has $732,000 Position in Kirby Corporation (NYSE:KEX)

Cetera Investment Advisers lifted its stake in shares of Kirby Corporation (NYSE:KEX) by 15.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,246 shares of the shipping company’s stock after acquiring an additional 949 shares during the period. Cetera Investment Advisers’ holdings in Kirby were worth $732,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC lifted its position in shares of Kirby by 295.3% during the 4th quarter. Colonial Trust Co SC now owns 253 shares of the shipping company’s stock valued at $27,000 after acquiring an additional 189 shares during the period. Opal Wealth Advisors LLC acquired a new position in Kirby during the first quarter worth $28,000. KBC Group NV acquired a new position in Kirby during the first quarter worth $32,000. UMB Bank n.a. raised its holdings in Kirby by 147.2% during the first quarter. UMB Bank n.a. now owns 351 shares of the shipping company’s stock worth $35,000 after buying an additional 209 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in Kirby during the first quarter worth $44,000. Institutional investors and hedge funds own 96.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America upped their price objective on shares of Kirby from $116.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, May 16th.

Kirby Stock Performance

KEX opened at $97.96 on Friday. The company has a current ratio of 1.74, a quick ratio of 0.96 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $111.55 and its two-hundred day moving average price is $105.59. Kirby Corporation has a 1-year low of $83.94 and a 1-year high of $132.21. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 18.52, a PEG ratio of 0.99 and a beta of 1.01.

Kirby (NYSE:KEX) last released its quarterly earnings data on Thursday, July 31st. The shipping company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.08. The firm had revenue of $855.46 million for the quarter, compared to the consensus estimate of $851.94 million. Kirby had a net margin of 9.25% and a return on equity of 10.02%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 earnings per share. On average, analysts expect that Kirby Corporation will post 6.57 EPS for the current fiscal year.

About Kirby

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.